Forex Trading Information

Forex — the foreign exchange (currency or FOREX, or FX) market is the biggest and the most liquid financial market in the world. It boasts a daily volume of more than $5.3 trillion (as of April 2013). Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor. Everyone can participate in foreign exchange trading via the Forex brokers.

You can also join a friendly community of traders at the Forex forum.

Latest in Forex

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Forex Blog

Weekly Forex Technical Analysis (May 2 — May 6)

Sat, 30 Apr 2016 9:24

EUR/USD

Floor pivot points

3rd Sup2nd Sup1st SupPivot1st Res2nd Res3rd Res
1.1046 1.1130 1.1290 1.1375 1.1535 1.1619 1.1779

Woodie's pivot points

2nd Sup1st SupPivot1st Res2nd Res
1.1149 1.1328 1.1394 1.1573
...

Rally of EUR/USD Accelerates

Fri, 29 Apr 2016 15:31

After four sessions of modest gains, EUR/USD demonstrated an impressive jump during Friday's trading. It was not surprising if one takes into consideration that the majority of US economic indicators released during the current trading session were not good. The only better-than-expected piece of data was personal...

US GDP Misses Expectations, EUR/USD Extends Upward Move

Thu, 28 Apr 2016 14:07

Today's economic data released from the United States was not particularly good. First quarter's growth of the US economy was slower than economists had anticipated. The number of unemployment claims grew last week. As a result, EUR/USD was able to extend its upward move for the fourth straight session. US...

Forex News

Greenback Drops on GDP Data

Greenback Drops on GDP Data

Thu, 28 Apr 2016 14:47

Yesterday's Federal Reserve announcement and the recent GDP data are putting a damper on the US dollar today. Greenback is heading lower as Forex traders mull the implications of a slowing economy.

Japanese Yen Jumps as BOJ Stays the Course

Japanese Yen Jumps as BOJ Stays the Course

Thu, 28 Apr 2016 13:44

Japanese yen is gaining ground against its major counterparts after the Bank of Japan surprised markets by keeping its benchmark rate the same, and staying the course on the current stimulus package.

Higher Oil Prices Help Canadian Dollar

Higher Oil Prices Help Canadian Dollar

Wed, 27 Apr 2016 14:44

Canadian dollar is getting a boost today, reaching its highest level against the US dollar in about nine months, and gaining against some of its other counterparts as well. Higher oil prices are providing support to the loonie today.

Commodity Blog

Commodities Technical Analysis, May 2nd — May 6th

Sat, 30 Apr 2016 4:56

The technical analysis, that includes the indicators’ data and major pivot points for WTI Oil, Gold, Silver and Copper as traded on spot market as of April 30th, 2016:...

Gold, Silver & Crude Oil Rally During Wednesday's Trading

Wed, 27 Apr 2016 9:32

Gold and silver rallied today amid speculations that the Federal Reserve will delay planned monetary tightening. The Fed will announce its decision...

Bullish Flag on 4-Hour Chart of Oil

Sun, 24 Apr 2016 18:04

There is good news for those traders who hoped for crude oil to continue its upward movement. The bullish flag pattern that has formed...

Forex Video Zone

Lambert — Gold Moving Higher

Fri, 29 Apr 2016 11:18

Clive Lambert: Gold has been moving sideways for months and now showing signs to the upside. We had a very strong day, yesterday and we created some important support levels. So, the call today is to buy the dip at $1,272 and also to add at $1,263. We place our stop at $1,255. We are looking for Gold to catch up with Silver and other metals and to take out that high from March,...

WTI Crude Oil and Natural Gas Forecast — April 29th 2016

Fri, 29 Apr 2016 11:09

In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the April 29th session. WTI Crude Oil — We rallied again during the trading session on Thursday as we continue to grind higher. With this, it looks like there is a lot of noise above that we have to deal with. Although it looks like we want to go probably higher it is probably...

EUR/USD and GBP/USD Forecast — April 29th 2016

Fri, 29 Apr 2016 10:58

In this video, the Trader Guy looks at currency pairs EUR/USD and GBP/USD for the April 29th session. EUR/USD — We did fall initially during the trading session on Thursday and ended up going higher. It looks like there is still bullish pressure. But I still believe that the 1.14 level is resistance extending all the way towards 1.15. It is going to be choppy and we have to buy...